{"entity":{"iso2":"AM","iso3":"ARM","name":"Armenia","slug":"armenia"},"indicator":{"licence":"CC BY 4.0 (World Bank Open Data)","slug":"military-expenditure-percent-of-gdp","source":"SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)","source_url":"https://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS","title":"Military expenditure (% of GDP)","unit":"% of GDP"},"observations":[{"date":"1992-01-01","value":2.20339},{"date":"1993-01-01","value":2.29664},{"date":"1995-01-01","value":4.05931},{"date":"1996-01-01","value":3.28187},{"date":"1997-01-01","value":3.9094},{"date":"1998-01-01","value":3.5281},{"date":"1999-01-01","value":3.69737},{"date":"2000-01-01","value":3.56002},{"date":"2001-01-01","value":3.12725},{"date":"2002-01-01","value":2.69771},{"date":"2003-01-01","value":2.72837},{"date":"2004-01-01","value":2.742},{"date":"2005-01-01","value":2.87193},{"date":"2006-01-01","value":2.94761},{"date":"2007-01-01","value":3.04257},{"date":"2008-01-01","value":3.39558},{"date":"2009-01-01","value":4.15705},{"date":"2010-01-01","value":4.26565},{"date":"2011-01-01","value":3.85395},{"date":"2012-01-01","value":3.58377},{"date":"2013-01-01","value":3.99724},{"date":"2014-01-01","value":3.94338},{"date":"2015-01-01","value":4.23923},{"date":"2016-01-01","value":4.09035},{"date":"2017-01-01","value":3.84973},{"date":"2018-01-01","value":4.11989},{"date":"2019-01-01","value":4.78771},{"date":"2020-01-01","value":4.98254},{"date":"2021-01-01","value":4.46514},{"date":"2022-01-01","value":4.08175},{"date":"2023-01-01","value":5.5063},{"date":"2024-01-01","value":5.48175}],"summary":{"latest_period":"2024-01-01","latest_value":5.48175,"max":5.5063,"mean":3.7342,"min":2.20339,"of":165,"rank":11,"trend":"rising"}}